Fundementals: Don't think there will be a second rate cut in the coming month till july.
Projections: Rate cut for RBA
July/August 2019 1.25 -> 1.00
Feb/March 2020 1.00 -> 0.75
Recent news: Trump might sanction germany, brexit turmoil and trade war.
Hoping for a resolved conflict from a USCHN trade war during the G20 Summit.
In the past 3 years price has been capped around this area, any upside sellers tend to push it down.
Weakness in AUD is temporary due to prolonged trade war.
I favour Short EUR/AUD over EUR/NZD.
Projections: Rate cut for RBA
July/August 2019 1.25 -> 1.00
Feb/March 2020 1.00 -> 0.75
Recent news: Trump might sanction germany, brexit turmoil and trade war.
Hoping for a resolved conflict from a USCHN trade war during the G20 Summit.
In the past 3 years price has been capped around this area, any upside sellers tend to push it down.
Weakness in AUD is temporary due to prolonged trade war.
I favour Short EUR/AUD over EUR/NZD.
Comment:
Targeting 1.6070, incoming guys.
Comment:
Trade stopped, profit.
RBA will be dovish tomorrow.
Fundamentally, aud’s economy is really bad.
RBA will be dovish tomorrow.
RBA will be dovish tomorrow.
Fundamentally, aud’s economy is really bad.
RBA will be dovish tomorrow.
1.6360-1.6400
Target 1: 1.6070
Target 2: 1.5700
It will be wise as the swaps rates for this pair is positive. Think of it as a Long term investment.